Severance Contracts: Executive Buy-Outs At General Motors

Here are some links which provide information on the GM severance plan offer first reported in March, 2006:

• CNN:  GM offers workers up to $140K to leave.  Click here.
• Delphi, GM Offers Get Mixed Reception Forbes
• GM Offers Early Retirement Plan for Hourly Workers Voice of America
• List of Seveance Contract Forms

Executive buy-out, severance and compensation issues are becoming more important as our economy heads towards recession and more companies are looking to downsize.  Our attorneys can help your company design and negotiate a severance plan for your executives, managers and employees. Contact us today.

Executive Severance Contracts: GM offers workers up to $140K to leave

Executive Level Severance Contracts Offered To GM Workers.

GM is offering money to its workers in order to entice those employees to voluntarily terminate employment (ie retire).  Severance / retirement packages are reportedly available to 113,000 workers.  GM also reportedly reached a deal with Delphi workers to avoid a labor dispute.